News

The mistake resulted in the share price of Britain’s largest bank rising more than 10 per cent

Spotlight On: HSBC's fixed rate mortgage

The deal

Boost for City as Sir Mervyn King does currency swap deal with Bank of China

The Bank of England today took a crucial step towards boosting the City as a centre of trading in the Chinese renminbi after agreeing a currency swap deal with the Bank of China.

Regular savings accounts are not offering much more interest than piggy banks at the moment

Savvy Money: Help to find a home for rainy-day cash

With interest rates on accounts so low, it pays to be disciplined about monthly savings

Knight Vinke gets seat on Darty board

The activist investor Knight Vinke has forced its way on to the board of the electricals retailer Darty, which yesterday issued a profits warning.

Knight Vinke grabs seat on Darty board

Activist investor Knight Vinke has forced its way onto the board of the struggling electricals retailer Darty, which today issued a profits warning.

Suspended sentence for rape threats

A pensioner threatened to rape female staff at a bank and members of their families if he was not paid £150,000.

Terrorists and drug lords targeted HSBC, bosses admit

The top two executives at HSBC today admitted it had become a target for international terrorists and cocaine barons as they sought to insist that Britain’s biggest bank was in the midst of serious reform.

Ask the City minister a silly question about banking reform... expect multiple answers

No one compares their innocent Co-op cashier with predatory fat cats like Sir Fred Goodwin or Bob Diamond

Not enough Mandarin is taught in UK schools, claims report

Too few schools are teaching Mandarin Chinese, hampering young people's prospects and putting the UK economy at risk, it was suggested today.

What the Sunday papers said

Royal Bank of Scotland has moved to calm investor fears over the future of its chief executive Stephen Hester, as chairman Sir Philip Hampton privately promised shareholders Mr Hester will stay well into next year. The news comes as the taxpayer-owned bank is expected to be hit with a £500m fine by US and UK regulators this week, just as it pays bankers £250m in bonuses.

Peter Jones has bought collapsed camera retailer Jessops

Dragons' Den's Peter Jones buys Jessops to run as online outfit

Entrepreneur has not bought any of the chain's physical stores

Another rip off by the big four? Barclays, HSBC, Lloyds and RBS 'broke rules' with sales of interest rate hedges to small businesses

Britain’s big four banks suffered another blow today as they were ordered to review all interest rate hedging products they may have mis-sold to small businesses.

The banks are accused of charging up to 18 per cent for loans

Another hefty compensation bill: Banks face new wave of mis-selling payouts

Britain's scandal-hit banking industry was facing another hefty compensation bill today after a review of complex products sold to small businesses found more than 90% had been mis-sold.

James Moore: US Justice Department is targeting RBS over Libor to fight off its critics

Outlook If you were wondering why Royal Bank of Scotland's settlement with regulators over its role in the Libor fixing scandal was taking so long to finalise, a little light has been shed on the matter.

President Obama was accused of failing to crack down on Wall Street during his first term in office

US View: There are big bucks at stake now regulators are on the front foot

The drive by American regulators to secure a guilty plea from the Royal Bank of Scotland division accused of fiddling bank lending rates shows that US officials are taking an increasingly aggressive stance.

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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Israel-Gaza conflict: No victory for Israel despite weeks of death and devastation

Robert Fisk: No victory for Israel despite weeks of devastation

Palestinians have won: they are still in Gaza, and Hamas is still there
Mary Beard writes character reference for Twitter troll who called her a 'slut'

Unlikely friends: Mary Beard and the troll who called her a ‘filthy old slut’

The Cambridge University classicist even wrote the student a character reference
America’s new apartheid: Prosperous white districts are choosing to break away from black cities and go it alone

America’s new apartheid

Prosperous white districts are choosing to break away from black cities and go it alone
Amazon is buying Twitch for £600m - but why do people want to watch others playing Xbox?

What is the appeal of Twitch?

Amazon is buying the video-game-themed online streaming site for £600m - but why do people want to watch others playing Xbox?
Tip-tapping typewriters, ripe pongs and slides in the office: Bosses are inventing surprising ways of making us work harder

How bosses are making us work harder

As it is revealed that one newspaper office pumps out the sound of typewriters to increase productivity, Gillian Orr explores the other devices designed to motivate staff
Manufacturers are struggling to keep up with the resurgence in vinyl records

Hard pressed: Resurgence in vinyl records

As the resurgence in vinyl records continues, manufacturers and their outdated machinery are struggling to keep up with the demand
Tony Jordan: 'I turned down the chance to research Charles Dickens for a TV series nine times ... then I found a kindred spirit'

A tale of two writers

Offered the chance to research Charles Dickens for a TV series, Tony Jordan turned it down. Nine times. The man behind EastEnders and Life on Mars didn’t feel right for the job. Finally, he gave in - and found an unexpected kindred spirit
Could a later start to the school day be the most useful educational reform of all?

Should pupils get a lie in?

Doctors want a later start to the school day so that pupils can sleep later. Not because teenagers are lazy, explains Simon Usborne - it's all down to their circadian rhythms
Prepare for Jewish jokes – as Jewish comedians get their own festival

Prepare for Jewish jokes...

... as Jewish comedians get their own festival
SJ Watson: 'I still can't quite believe that Before I Go to Sleep started in my head'

A dream come true for SJ Watson

Watson was working part time in the NHS when his debut novel, Before I Go to Sleep, became a bestseller. Now it's a Hollywood movie, too. Here he recalls the whirlwind journey from children’s ward to A-list film set
10 best cycling bags for commuters

10 best cycling bags for commuters

Gear up for next week’s National Cycle to Work day with one of these practical backpacks and messenger bags
Paul Scholes: Three at the back isn’t working yet but given time I’m hopeful Louis van Gaal can rebuild Manchester United

Paul Scholes column

Three at the back isn’t working yet but given time I’m hopeful Louis van Gaal can rebuild Manchester United
Kate Bush, Hammersmith Apollo music review: A preamble, then a coup de théâtre - and suddenly the long wait felt worth it

Kate Bush shows a voice untroubled by time

A preamble, then a coup de théâtre - and suddenly the long wait felt worth it
Robot sheepdog technology could be used to save people from burning buildings

The science of herding is cracked

Mathematical model would allow robots to be programmed to control crowds and save people from burning buildings
Tyrant: Is the world ready for a Middle Eastern 'Dallas'?

This tyrant doesn’t rule

It’s billed as a Middle Eastern ‘Dallas’, so why does Fox’s new drama have a white British star?